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Global mobile phone market to slow to 1.4% growth in 2012

Wednesday 5 December 2012 | 08:52 CET | News
Growth in the worldwide mobile phone market is forecast to slow to 1.4 percent this year, due to the weak global economy, IDC predicts. This is the lowest annual growth rate in three years, despite a projected record number of smartphone shipments in the holiday season. Vendors are estimated to ship more than 1.7 billion mobile phones this year, rising to 2.2 billion in 2016. For the fourth quarter of 2012, IDC forecast smartphone shipments of 224.5 million, up 39.5 percent year-over-year. Over the full year 2012, smartphone shipments are forecast to grow 45.1 percent to 717.5 million units.

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Categories: Mobile & Wireless
Companies: Apple / Samsung
Countries: World
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